Iberchem S.A. has signed an agreement to acquire 93% stake in Parfex SA (ENXTPA:MLPFX) from founding shareholders and certain minority investors for a total enterprise value of €45 million on April 7, 2021.Parfex is 82% owned by its founders with the remaining free float of shares listed on the Euronext Access market. Croda has agreed to acquire 93% of Parfex's outstanding shares, comprising the founding shareholders and certain minority investors. Croda ultimately expects to acquire 100% of the total outstanding share capital, subject to a potential tender offer and subsequent de-listing. The transaction is subject to customary pre closing conditions and is expected to close by the end of the second quarter of 2021. Iberchem S.A. completed the acquisition of Parfex SA (ENXTPA:MLPFX) from founding shareholders and certain minority investors on June 1, 2021. Croda ultimately expects to acquire 100% of the total outstanding share capital, subject to a potential tender offer and subsequent de-listing. Laurence Masseran of DLA Piper France LLP acted as legal advisor to Croda International Plc (LSE : CRDA), parent company of Iberchem S.A.